And Au price pops yet again
to 1355 daily highs ion EU US opening
While the DXY drops yet again down to 88.69 from 91.0 only 2 days ago, a massive drop of 2.5%
Au price should be at 1410 right now on this ratio as the DXY always precedes the Au price move as traders globally follow its cues. We see this in the massive run by the Cu price last night.
DOLLAR INDEX SPOT
DXY:CUR 88.692
USD 0.429
0.48%
At this rate AU price may go to 1400 fast but im watching the 1366 resistance
If Au price breaks this (maybe tonight) then may see a serious run for the next month to 1400-1500 as some predicted with USD$ weakness the support and safe haven buying
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- institutional buying has kicked in
And Au price pops yet again to 1355 daily highs ion EU US...
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